ZAGREB, March 1 (Hina) - The Croatian Bank for Reconstruction and
Development (HBOR) and Bayerische Landsbank (BLB) of Munich,
Germany, signed a DM 50 million worth loan agreement in Zagreb on
Friday to boost the Croatian tourist industry.
The agreement was signed in the presence of Croatian prime
minister Zlatko Matesa by the BLB executive vice-president and
senior vice-president, Michael Graf von Hallwil and Bernard Piesch,
and the president and member of the HBOR management board, Anton
Kovacev and Maja Juric.
The HBOR will repay the loan in three instalments over a
period of 18 months at an annual interest rate of 10.5 percent.
The loan is intendend for the reconstruction of hotels along
the Adriatic Coast and priority will be given to hotels in Dalmatia
which suffered extensive damage during the war.
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